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6. PUBLIC HEARINGS & OTHER MATTERS 6a Approval of an affordable housina aQreement for the SilverStone Communities DeveloDment located at 3909 Vineyard Avenue. (SR 06:078) Steven Bocian, Assistant City Manager, presented the staff report. Mayor Hosterman asked if staff would actively be engaged in making the determination as to what applicants may be eligible for these homes? Mr. Bocian said yes. For the affordable units, the agreement indicates the City will market these units and the developer will reimburse the City for reasonable costs associated with marketing, which keeps staff involved throughout the entire phase from advertising these units, making sure all of the guidelines are clear, the lottery phase, selection of applicants, reviewing the income and qualifications, and escrow process. Staff believes this is important because the documents and qualification process are complex. Staff spends a significant amount of time with the applicants and eventually the homeowners making sure they understand what is occurring and what their expectations are throughout the entire process. If Council approved the agreement this evening, Mayor Hosterman asked how soon the application process would begin. Mr. Bocian said the application process would begin approximately five months prior to the expected offering date of the units. Mr. Brozosky referred to Attachment B, item 2d, which states, "exterior and interior finishes, landscaping and amenities including appliances, carpeting, electrical fixtures, hardware countertops, etc., for the Affordable By Design Units shall be consistent with the other units in the Project." He believed the developer was being restricted, particularly for Affordable By Design Units. He asked why the Developer was not allowed to install different types of interior finishes which would allow the units to be sold at a lower cost. Mr. Bocian said the reason why this requirement was included in the Agreement was because staff did not want the units to be of lesser quality than the remainder of the units in the development. Staff anticipates that some of the larger market units will have some interior fixtures, particularly that may be of a higher quality. He noted that the Developer has some flexibility. In response to an inquiry by Ms. McGovern, Mr. Bocian believed staff would be presenting a report to Council on the City's Lower Income Housing Fee on April 4. Ms. McGovern asked if staff could provide a turnover amount to Council that showed how many affordable housing units for sale had been resold? Mr. Bocian said yes. Ms. McGovern asked if staff maintained a list of people in the community who have been interested in affordable for sale housing? Pleasanton City Council Minutes 5 03/07/06